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Mon, Jul 22, 2024

Actions and impact

Carbon offsetting and transparent carbon reporting

We believe in a better way to fly private.

Victor has been leading the way for greater environmental responsibility in business aviation since we launched our industry-first carbon reduction programme in Europe in 2018. The following year we took the programme worldwide and, in July 2020, celebrated our first 12 months as the world’s first private aviation business to offset every flight by at least 200% as standard.

Following this benchmark, and as part of our ongoing commitment to transparency, we continue to publicly share our carbon impact reports on an annual basis. We take great pride in being the first private jet company to have our annual flights, emissions and carbon credits formally verified by a third-party auditor (Cooper Parry). These statements can be found at the links below.

Our chosen projects for our carbon credits, (purchased in partnership with Vertis and South Pole), have historically been natured-based and Gold Standard or Voluntary Carbon Standard accredited. We selected projects spread all over the world given our global flight coverage.

Victor is committed to defining a sustainable future for private aviation. We have revised our offsetting strategy as industry best practice continues to evolve, and from 1st January 2023 took the decision to cease our 200% offsetting programme following the success of our partnership with Neste. We believe this to be a positive step on our journey to net zero as we throw our efforts into driving awareness and education of the most credible carbon emission reduction solution available in aviation – Sustainable Aviation Fuel. To read more about the decision that we’ve taken, please read this letter from Victor co-CEOs.

Our Carbon Offsetting impact since 2020:

Hours in the sky

Tonnes emitted

Credits Purchased

Victor has been leading the way for greater environmental responsibility in business aviation since it launched its industry-first carbon reduction programme in Europe in 2018. Since Victor took this programme worldwide in 2019 and started mandating a 200% carbon offset on every flight, we encourage others in Business aviation to follow their lead. The EBAA supports Victor’s Build Back Better Framework and in particular welcomes their call for 3rd party verification and full transparency on environmental investments made by private aviation businesses.Robert Baltus, COO at European Business Aviation Association (EBAA)

Le'an County Carbon Sink

This project avoids the illegal harvest of Jiangxi Province Le’An County Forest, in turn preserving the area’s ecological balance, biodiversity conservation and soil erosion control. The project improved forestry management across 7,746.7 hectares includes the conversion of logged to protected forest with the aim of reducing 2.8 million tonnes of carbon over a 30-year period.

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Rainforest Protection in Peru

The project activity conserves threatened tropical rainforest in an internationally recognised biodiversity hotspot of the Peruvian Amazon. The lush forests provide habitat for a wide variety of rare and endangered wildlife. The project integrates conservation and sustainable economic development to protect 591,119 hectares forest.

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Kariba Forest Protection

Since its launch in 2011, the Kariba project has protected nearly 785,000 hectares from deforestation and land degradation, preventing more than 3.5 million tonnes of carbon dioxide being released into the atmosphere every year. The project continues to support regional sustainable development and the independence and wellbeing of local communities.

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Keo Seima wildlife sanctuary

The Keo Seima Wildlife Sanctuary (KSWS) protects one of the largest remaining primary forests in Cambodia and provides a habitat for Asia’s most threatened species including rare Asian Elephants, Gibbons, and the Giant Ibis.

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Ningxia Shapotou hydropower project

Shapotou is a 120.3MW hydro power project. It is located on Yellow river/basin in Ningxia, China. The project is currently active. It has been developed in single phase. The project construction commenced in 2000 and subsequently entered into commercial operation in 2004.

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Liujiashan small hydropower project

As a renewable energy project, it aims on producing positive environmental and socio-economic benefits and contribute to local sustainable development through several aspects.

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Wind power project in Karnataka

The Wind Power Project in Karnataka India involves the installation of one 2100 kW Suzlon Wind Turbine Generator in the state of Karnataka

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